The updates are part of SAMA’s efforts to promote an innovation-based financial technology ecosystem in the KSA.
By Salman Al-Sudairi, Brian A. Meenagh, and Homam Khoshaim
Last month, the Saudi Arabian Monetary Authority (SAMA) issued an update to
Al-Mirsal, published by Latham & Watkins LLP, focuses on legal developments and regulatory trends primarily in the Middle East and North Africa (MENA) region. The blog covers topics such as data protection laws, artificial intelligence and digital infrastructure regulations, healthcare and life sciences sector growth, biotechnology strategies, and financial technology governance. It addresses cross-border data transfer issues, compliance with emerging data privacy frameworks, and the establishment of sovereign data centers. The blog also discusses regional initiatives to foster innovation in healthcare, biotech, and digital assets, reflecting the evolving legal landscape impacting businesses and governments in the MENA region.
The updates are part of SAMA’s efforts to promote an innovation-based financial technology ecosystem in the KSA.
By Salman Al-Sudairi, Brian A. Meenagh, and Homam Khoshaim
Last month, the Saudi Arabian Monetary Authority (SAMA) issued an update to…
By Christopher Lester and Connie Leung
The Prescribed Company Regulations offer a more flexible incorporation and permitted purposes regime than its predecessor, the Special Purpose Company Regulations.
Prescribed Companies are a type of corporate vehicle available in the Dubai International…
Navigating the impact of the pandemic on technology contracting in preparation for a post-COVID-19 world.
By Brian Meenagh and Alexander Hendry*
A recent Latham.London blog post recommended five steps that customers should take when procuring technology and related services…
Understanding bankruptcy laws in the UAE and DIFC in the context of COVID-19-related financial pressures.
By Nomaan A. Raja and Aly Kassam
COVID-19 has already caused wide-scale disruption to numerous industries both locally and globally. Whilst efforts are underway to…
UAE Federal Cabinet approves Positive List of activities eligible for up to 100% foreign ownership.
By Christopher Lester and Connie Leung
WAM, the Emirates News Agency, reported on 2 July 2019 (the WAM Report) that the UAE Federal Cabinet has…
The DIFC guidelines provide practical guidance for DIFC-registered entities engaging in electronic direct marketing, including useful “dos” and “don’ts”.
By Brian A. Meenagh, Fiona M. Maclean, and Laura Holden
What Do DIFC-Registered Entities Need to Know?
In January…